NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit and receive high speed digital optical signals for cloud and hyperscale data center internet content provider and telecom networks worldwide. It offers high speed products, including transmitter, receiver, and switching products for 400G and optical transmission applications over distances of 2 to 2,000 kilometers; ultra-narrow linewidth tunable lasers that generate ultra-pure wavelength or color for coherent transmission; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent optical signals. The company also provides pluggable coherent transceivers that combine ultra-narrow linewidth laser with coherent receiver and performance coherent modulator; and 100G products for data center applications. In addition, it offers multi-cast switching solutions for 100G and above coherent systems; and network products and solutions, such as arrayed wavelength gratings, multiplexers, and filters used in dense wavelength division multiplexing systems. The company sells its products to network equipment manufacturers through a direct sales force in North America, Europe, and Asia. The company was formerly known as NanoGram Corporation and changed its name to NeoPhotonics Corporation in 2002. NeoPhotonics Corporation was founded in 1996 and is headquartered in San Jose, California.
IPO Year: 2011
Exchange: NYSE
Website: neophotonics.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/24/2022 | $16.00 | Neutral | Rosenblatt |
| 11/8/2021 | Outperform → Market Perform | Northland Capital Markets | |
| 11/5/2021 | $16.00 | Buy → Neutral | Rosenblatt |
| 11/5/2021 | $15.00 → $16.00 | Buy → Neutral | DA Davidson |
| 11/5/2021 | $16.00 | Buy → Neutral | B. Riley Securities |
| 11/4/2021 | $15.00 → $16.00 | Buy | Needham |
| 9/9/2021 | Underperform → Market Perform | Raymond James |
Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t
NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced the appointment of Bradford W. Wright as the Company's Senior Vice President of Global Sales. Mr. Wright brings to NeoPhotonics his 25 years of experience in the communications and semiconductor industries. Most recently, Mr. Wright was employed as the head of Worldwide Component Sales and Applications at Cisco Systems, following their acquisition of Acacia Communications, where he was Vice President of Sales from January 2018. From January 2016 to Jan
NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced that Sheri L. Savage has been appointed to its Board of Directors. Ms. Savage has served as Chief Financial Officer of Ultra Clean Holdings, Inc. (UCT), a supplier for critical subsystems for semiconductor capital equipment, since July 2016. Ms. Savage previously served as Senior Vice President of Finance, Chief Accounting Officer and other senior finance roles at UCT since 2009. Prior to joining UCT, Ms. Savage served at Credence Systems Corporation,
SAN JOSE, Calif.--(BUSINESS WIRE)--NeoPhotonics Corporation (NYSE: NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced that Kimberly Y. Chainey has been appointed to its Board of Directors. Ms. Chainey currently serves as Executive Vice President, Global General Counsel and Secretary of AptarGroup, Inc., a NYSE-listed global company engaged in drug delivery, consumer product dispensing and active material solutions, a role that includes leading Aptar’s global government relations. Before her current role, she served as Vice
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Revenue of $95.0 million represents 46% year-over-year growth over same quarter last year Second sequential quarter with 45+% year-over-year growth; first half revenue of $184 million up 46% from same period last year $61 million of revenue from products for 400G and above applications, contributing 64% of revenue and representing approximately 105% year-over-year growth GAAP Operating Profit of $6.4 million, up from a loss of $16.3 million in the same period last year on the strength of the 400G product ramp NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwid
NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced management will host a conference call entitled "The Quest for Chip-Scale Lidar" to discuss trends in optical and related technologies for Lidar and autonomous vehicles on Monday, June 13, 2022 at 11:00 am ET. The session will focus on the application of coherent communications technologies developed by NeoPhotonics for high-speed optical networks to new Coherent, or FMCW, Lidar for autonomous vehicles. NeoPhotonics' has developed, manufactured and ship
Revenue of $89.3 million represents 47% year-over-year growth over same quarter last year $54 million of revenue from products for 400G and above applications, representing over 70% year-over-year growth Now shipping production volume of 400ZR modules to Cloud and data center customers NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced financial results for its first quarter of 2022. "Our business remains on a strong growth path with revenue of $89 million, 47% above the same quarter last year. O
Year-over-year growth of products for 400G and above applications exceeded 70% to $148 million Growth of 18% over the same quarter last year despite supply chain shortages Three Cloud and data center switch design wins for 400ZR DCO modules Proposed merger agreement with Lumentum approved by stockholders; transaction expected to close in the second half of 2022 NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced financial results for its fourth quarter and full year for 2021. "Our business remai
Separately, NeoPhotonics and Lumentum Holdings Inc jointly announced a definitive agreement under which Lumentum would acquire NeoPhotonics for $16.00 per share in cash NeoPhotonics cancels today's regular conference call to discuss third quarter results NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced financial results for its third quarter of 2021. "With our very strong performance in the third quarter, we have returned to operating profit on a non-GAAP basis, as we forecasted one year ago. Ope
SAN JOSE, Calif., Nov. 4, 2021 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ:LITE) ("Lumentum") and NeoPhotonics Corporation (NYSE:NPTN) ("NeoPhotonics") today announced that they have entered into a definitive agreement under which Lumentum will acquire NeoPhotonics for $16.00 per share in cash, which represents a total equity value of approximately $918 million. The transaction has been unanimously approved by the Boards of Directors of both companies. The addition of NeoPhotonics expands Lumentum's opportunity in some of the fastest growing areas of the more than $10 billion market for optical components used in cloud and telecom network infrastructure. The integrated company will be be
NeoPhotonics Corporation (NYSE:NPTN), leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, will report its financial results for the third quarter ended September 30, 2021, after market close on Thursday, November 4, 2021. The company will host a conference call to discuss these results at 4:30 p.m. ET (1:30 p.m. PT) on Thursday, November 4, 2021. The call will be available, live, to interested parties by dialing 1-800-768-3350 or +1 416-981-9004. The Conference ID number is 21998683. Please dial into the conference call 5-10 minutes prior to the scheduled sta
NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced management will host a conference call to discuss trends in optical communications and related technologies on Thursday, September 9, 2021 at 11:00 am ET. The session will focus on industry trends and on NeoPhotonics' product and technology differentiation, addressing important issues and new experimental results relevant to the introduction and growth of 400Gbps Pluggable Modules for DCI, Metro, Regional and Long Haul Applications. 400G Pluggable Coher
Product Revenue for 400G and above applications grew 100% year-over-year 400ZR modules are in General Availability NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced financial results for its second quarter of 2021. "Building on our strong performance in the second quarter, we see accelerating growth in the back half of the year, driven by the initial ramp of 400ZR and related products adding to our 400G+ suite," said Tim Jenks, Chairman and CEO of NeoPhotonics. "We are ramping our modules and comp
NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, will report its financial results for the second quarter ended June 30, 2021, after market close on Tuesday, August 3, 2021. The company will host a conference call to discuss these results at 4:30 p.m. ET (1:30 p.m. PT) on Tuesday, August 3, 2021. The call will be available, live, to interested parties by dialing 800-437-2398 or +1 313-209-6317. The Conference ID number is 5316525. Please dial into the conference call 5-10 minutes prior to the scheduled start time. A
Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t
SAN JOSE, Calif., July 29, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ:LITE) ("Lumentum") and NeoPhotonics Corporation (NYSE:NPTN) ("NeoPhotonics") today announced, in connection with Lumentum's pending acquisition of NeoPhotonics, that Lumentum has obtained antitrust clearance from the People's Republic of China's State Administration for Market Regulation. This clearance satisfies the acquisition's closing condition set forth in the previously announced merger agreement regarding the receipt of antitrust approval in the People's Republic of China. As such, Lumentum currently expects that the NeoPhotonics acquisition will close on or around August 3, 2022. Under the terms of merger
Revenue of $95.0 million represents 46% year-over-year growth over same quarter last year Second sequential quarter with 45+% year-over-year growth; first half revenue of $184 million up 46% from same period last year $61 million of revenue from products for 400G and above applications, contributing 64% of revenue and representing approximately 105% year-over-year growth GAAP Operating Profit of $6.4 million, up from a loss of $16.3 million in the same period last year on the strength of the 400G product ramp NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwid
NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced management will host a conference call entitled "The Quest for Chip-Scale Lidar" to discuss trends in optical and related technologies for Lidar and autonomous vehicles on Monday, June 13, 2022 at 11:00 am ET. The session will focus on the application of coherent communications technologies developed by NeoPhotonics for high-speed optical networks to new Coherent, or FMCW, Lidar for autonomous vehicles. NeoPhotonics' has developed, manufactured and ship
Revenue of $89.3 million represents 47% year-over-year growth over same quarter last year $54 million of revenue from products for 400G and above applications, representing over 70% year-over-year growth Now shipping production volume of 400ZR modules to Cloud and data center customers NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced financial results for its first quarter of 2022. "Our business remains on a strong growth path with revenue of $89 million, 47% above the same quarter last year. O
More than 1 Million Single and Quad Drivers Shipped NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced that it has shipped more than one million single and quad drivers for PAM4 transceivers used in hyperscale data center networks. NeoPhotonics 53 Gbaud PAM4 driver IC is a linear, differential driver based on gallium arsenide (GaAs) and optimized for 1 x 100 Gbps, 4 x 100 Gbps and 8 x 100 Gbps PAM4-based applications. The drivers are in volume production and provide a high RF output voltage swing with h
Radiation Tolerant Coherent Low Noise Tunable Laser has Enhanced Flexible Software to Extend Operating Life in a Radiation Environment Without Compromising Performance NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced its new Radiation Tolerant version of its industry leading Nano ultra-pure light tunable laser which has been designed for use in low earth orbit satellite communications applications. NeoPhotonics' current Nano-ITLA laser is in high volume production for terrestrial fiber optics applicat
QSFP-DD and OSFP Modules Interoperate with Multiple Vendors Products NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced that its OSFP and QSFP-DD 400ZR transceivers will be included in the OIF 400ZR interoperability and CMIS demos at OFC this year. OIF will host its largest demonstration of interoperability to date at this year's OFC 2022, featuring five key technology areas – 400ZR optics; Co-Packaging architectures; Common Electrical I/O (CEI) channels; FlexE (Flex Ethernet) definitions and Common Ma
Presentations at OFC Describe Developments in Component and Module Technology That Enable 800G+ Performance in Hyperscale Data Center and Telecom Networks NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced that it has used its Indium Phosphide-based Coherent Receiver and Coherent Modulators, coupled with its Ultra-Narrow Linewidth Tunable Lasers or Distributed Feedback Lasers, to demonstrate 120Gbaud operation in applications ranging from 800G LR transmission to 400G long haul transmission. The next-ge
Year-over-year growth of products for 400G and above applications exceeded 70% to $148 million Growth of 18% over the same quarter last year despite supply chain shortages Three Cloud and data center switch design wins for 400ZR DCO modules Proposed merger agreement with Lumentum approved by stockholders; transaction expected to close in the second half of 2022 NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced financial results for its fourth quarter and full year for 2021. "Our business remai
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Rosenblatt initiated coverage of NeoPhotonics with a rating of Neutral and set a new price target of $16.00
Northland Capital Markets downgraded NeoPhotonics from Outperform to Market Perform
Rosenblatt downgraded NeoPhotonics from Buy to Neutral and set a new price target of $16.00
DA Davidson downgraded NeoPhotonics from Buy to Neutral and set a new price target of $16.00 from $15.00 previously
B. Riley Securities downgraded NeoPhotonics from Buy to Neutral and set a new price target of $16.00
Needham reiterated coverage of NeoPhotonics with a rating of Buy and set a new price target of $16.00 from $15.00 previously
Raymond James upgraded NeoPhotonics from Underperform to Market Perform
Rosenblatt upgraded NeoPhotonics from Neutral to Buy and set a new price target of $16.00 from $12.00 previously
Rosenblatt upgraded NeoPhotonics from Neutral to Buy
DA Davidson upgraded NeoPhotonics from Neutral to Buy and set a new price target of $15.00 from $11.00 previously
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Under the terms of merger agreement, each share of NeoPhotonics common stock will be converted into the right to receive $16.00 in cash upon the completion of the transaction.
NeoPhotonics (NYSE:NPTN) reported quarterly earnings of $0.15 per share. This is a 168.18 percent increase over losses of $(0.22) per share from the same period last year. The company reported $95.00 million in sales this quarter. This is a 46.13 percent increase over sales of $65.01 million the same period last year.
According to data from Benzinga Pro, during Q1, NeoPhotonics's (NYSE:NPTN) reported sales totaled $89.27 million. Despite a 69.23% increase in earnings, the company posted a loss of $3.30 million. In Q4, NeoPhotonics brought in $80.61 million in sales but lost $10.73 million in earnings. Why Is ROCE Significant? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q1, NeoPhotonics p
NeoPhotonics (NYSE:NPTN) reported quarterly earnings of $0.04 per share. This is a 126.67 percent increase over losses of $(0.15) per share from the same period last year. The company reported $89.30 million in sales this quarter. This is a 46.57 percent increase over sales of $60.93 million the same period last year.
Radiation Tolerant Coherent Low Noise Tunable Laser has Enhanced Flexible Software to Extend Operating Life in a Radiation Environment Without Compromising Performance NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced its new Radiation Tolerant version of its industry leading Nano ultra-pure light tunable laser which has been designed for use in low earth orbit satellite communications applications. NeoPhotonics' current Nano-ITLA laser is in high volume production for terrestrial fiber optics applicati
NeoPhotonics (NYSE:NPTN) reported its Q4 earnings results on Thursday, February 24, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings NeoPhotonics missed estimated earnings by 200.0%, reporting an EPS of $-0.06 versus an estimate of $0.06. Revenue was up $12.42 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.05 which was followed by a 0.56% drop in the share price the next day. Here's a look at NeoPhotonics's past performance: Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020 EPS Estimate -0.04 -0.23 -0.17 -0.17 EPS Actual 0.01 -0.22
NeoPhotonics (NYSE:NPTN) reported quarterly losses of $(0.06) per share. This is a 57.14 percent increase over losses of $(0.14) per share from the same period last year. The company reported $80.60 million in sales this quarter. This is a 18.19 percent increase over sales of $68.19 million the same period last year.
Gainers Advanced Micro Devices (NASDAQ:AMD) shares moved upwards by 8.8% to $127.0 during Tuesday's after-market session. Advanced Micro Devices's trading volume hit 7.4 million shares by close, accounting for 11.3% of its average volume over the last 100 days. The company's market cap stands at $153.3 billion. As per the press release, Q4 earnings came out today. Xilinx (NASDAQ:XLNX) shares increased by 8.43% to $215.05. Xilinx's trading volume hit 285.3K shares by close, accounting for 8.6% of its average volume over the last 100 days. The market value of their outstanding shares is at $53.4 billion. As per the press release, Q3 earnings came out 4 days ago. NVIDIA (NASDAQ:NVDA) stock r